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Short Setup Opportunity on $ZEN
After a rapid surge, the price faced strong rejection at the $4.41 range, opening the door for a correction.
∆Trading Levels
Entry Zone: 4.385\(-4.410\)
Stop Loss (SL): $4.470
Targets (TP): $4.320 / $4.200\( / $4.000\)
∆Technical and Analytical Reading
Buyers Trap: The last hourly candlestick clearly showed a dominance of selling liquidity, despite whales being in long positions, which reinforces the likelihood of a bullish trap.
Overbought Condition: The price is currently hovering near the upper limit of the "Bollinger Bands" on the hourly timeframe.
Funding Rate: It is experiencing a continuous increase, meaning buyers are currently paying funding fees, which raises their risk.
⚠️ Cancellation Condition: Any explicit close and stability above the $4.47 levels will completely invalidate this bearish outlook.
#Horizone #CryptoTrading #CryptoSignals
After a rapid surge, the price faced strong rejection at the $4.41 range, opening the door for a correction.
∆Trading Levels
Entry Zone: 4.385\(-4.410\)
Stop Loss (SL): $4.470
Targets (TP): $4.320 / $4.200\( / $4.000\)
∆Technical and Analytical Reading
Buyers Trap: The last hourly candlestick clearly showed a dominance of selling liquidity, despite whales being in long positions, which reinforces the likelihood of a bullish trap.
Overbought Condition: The price is currently hovering near the upper limit of the "Bollinger Bands" on the hourly timeframe.
Funding Rate: It is experiencing a continuous increase, meaning buyers are currently paying funding fees, which raises their risk.
⚠️ Cancellation Condition: Any explicit close and stability above the $4.47 levels will completely invalidate this bearish outlook.
#Horizone #CryptoTrading #CryptoSignals
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